Crescent Energy Q4 2023 GAAP EPS $0.610 Beats $0.170 Estimate, Sales $657.728M Beat $607.017M Estimate
Portfolio Pulse from Benzinga Newsdesk
Crescent Energy (NYSE:CRGY) reported Q4 2023 earnings of $0.610 per share, surpassing the $0.170 estimate by 258.82%, and sales of $657.728M, exceeding the $607.017M estimate by 8.35%. However, this represents a 3.95% decrease in sales compared to the same period last year.
March 04, 2024 | 9:25 pm
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Crescent Energy reported a significant beat on both earnings per share and sales for Q4 2023, with EPS at $0.610 against a $0.170 estimate and sales of $657.728M against a $607.017M estimate.
The significant beat on both EPS and sales estimates for Crescent Energy in Q4 2023 indicates strong financial performance, likely leading to positive investor sentiment and potential short-term stock price appreciation. However, the year-over-year decrease in sales might temper some of the positive momentum.
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